ESL News and Headlines - Esterline Technologies Corp
The GuruFocus All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+,” the duration to “October 2018” and All Insider Sales to “$5,000,000+.”
According to the above filters, the following are trades from company insiders this week.
Winder Investment Pte Ltd., 10% owner of International Flavors & Fragrances Inc. (IFF), bought 150,000 shares for an average price of $138.79 per share on Oct. 23.
The manufacturer of flavors and fragrances has a market cap of $14.9 million and an enterprise value of
Billionaire investor Ken Fisher (Trades, Portfolio) added 118 stocks to his vast portfolio that comprised 786 positions at the end of the third quarter, according to a portfolio update he released Tuesday.
Fisher, who founded wealth management firm Fisher Investments in 1979, placed the majority of his portfolio in three sectors: Financial services occupies 21.6%; technology represents 19.1%; and ETF, options and preferred total 15.2%. At the end of the third quarter, the value of the stocks in this portfolio totaled $67.5 billion.
The diversification in Fisher’s portfolio means no new stock represented more than 0.05% of
As part of its effort to grow its live streaming video platform, Facebook (FB) has landed a deal with Major League Baseball (MLB) and the Esports League (ESL) to stream games and tournaments.
Facebook announced on Thursday that it has signed a deal with ESL that gives the social network rights to livestream 5,500 hours of esports original content and events. Of those 5,500 hours, 1,500 will be exclusive content provided to Facebook directly.
The move is a smart one for Facebook, as the e-sports industry attracts a sizeable global audience, with half being in the
In Esterline, the firm purchased 220 shares for an average price of $74.96 per share. The transaction increased its stake by 0.01% to 3,690,774 shares.
Esterline designs, manufactures and markets highly engineered products for the aerospace and defense industry in the U.S. and Europe. Its three product segments are avionics and controls, sensors and systems and advanced materials. The company was established in 1906 and is headquartered in Bellevue, Washington. FPA purchased its initial stake in the company in
The largest was the sale of Dell’s 717,683-share holding in Esterline Technologies Corp. (ESL), a provider of specialty products for aerospace and defense clients, for an average price of $65.47 per share. The divestiture had a -8.56% impact on Dell’s portfolio.
Steven Romick (Trades, Portfolio) is the portfolio manager of FPA Crescent Fund. As of Jan. 31, the fund had delivered more than 11% a year on average over the past 10 years. The following are the companies the investor has been buying for at least the last two quarters.
Esterline Technologies Corp. (ESL)
During the fourth quarter, Romick increased his stake by 4.89% and, in the first quarter, again bought shares in the company with an increase of 3.57%. The fund holds 9.67% of outstanding shares in the specialized manufacturing company mainly serving aerospace and defense
Michael Dell (Trades, Portfolio), founder, chairman and CEO of Dell Inc. (DELL), has a net worth of $16.3 billion, according to Bloomberg. He made four transactions in the fourth quarter. None was the purchase or divestiture of a stake.
Dell sold nearly half of his stake in Esterline Technologies Corp. (ESL), a Bellevue, Washington-based designer and manufacturer of products mostly for aerospace and defense customers. The guru sold 793,115 shares for an average price of $81.95 per share. The transaction had a -7.61% impact on Dell’s portfolio.
The remaining stake of 795,164 shares is 2.68% of Esterline’s
James Barrow (Trades, Portfolio) is the executive director of Dallas-based investment firm Barrow, Hanley, Mewhinney & Strauss, and is the lead portfolio manager for the Vanguard Windsor II and Selected Value Funds. The following stocks were his new buys during the fourth quarter.Â
The guru acquired 1,293,938 shares of Willis Towers Watson PLCÂ (WLTW) with an impact of 0.25% on the portfolio.
The company provides insurance brokerage, reinsurance and risk management consulting services to its clients. It provides both specialized risk management advisory and consulting services to clients in specific industrial and commercial activities, and
First Pacific Advisors (Trades, Portfolio), a Los Angeles-based investment management firm, has a preference for stocks in the technology and financial services sectors, but its most eye-popping deal in the third quarter was the reduction of a stake in the health care sector.
First Pacific Advisors (Trades, Portfolio)’ most significant third-quarter transaction was the reduction of its stake in CVS Health Corp. (CVS), a Woonsocket, Rhode Island-based health care company, by more than 85%. First Pacific sold 3,939,930 shares for an average price of $105.29 per share. The deal had a -3.38% impact on
Michael Dell (Trades, Portfolio) is the founder and CEO of Dell Inc. (DELL), a Round Rock, Texas-based computer technology company – one of the world's largest technological corporations. Dell is one of the richest people in the world with an estimated net worth of $18 billion, and his portfolio is managed by MSD Capital, which is owned and controlled by Dell and his family.
In the third quarter, only three stock transactions were done in Dell’s name, and two were reductions.
Dell’s most significant third-quarter transaction was his acquisition of a 6,506,876-share stake in NorthStar Asset Management
Guru Michael Dell (Trades, Portfolio) of MSD Capital only has seven companies in his portfolio, so identifying his most heavily weighted stocks isn’t difficult. The hard part is deciding where to draw the line.
In the case of Dell’s portfolio, it seems prudent to draw the line below the stocks with double-digit weightings. That leaves four of the holdings in his portfolios – Asbury Automotive Group Inc. (ABG), Esterline Technologies (ESL), DineEquity Inc. (DIN) and PVH Corp. (PVH) – as his most heavily weighted.
Asbury Automotive Group Inc.
Asbury Automotive Group, an Atlanta-based operator of automobile
Steven Romick (Trades, Portfolio) is the portfolio manager of FPA Crescent Fund, a Los Angeles-based money management firm practicing a disciplined approach to value investing, prudently seeking superior long-term returns while maintaining a focus on capital preservation.
He manages a portfolio of 59 stocks with a total value of $9,351 million and the following are the most weighted trades during the third quarter .
He reduced his stake in CVS Health Corp. (CVS) by 87.77% and with an impact of 3.67% on the portfolio.
The company is an integrated pharmacy health care
On Sept. 30, First Pacific acquired 3,168,360 shares of the Bellevue, Wash.-based maker of products mostly for aerospace and defense customers, notably Boeing (BA) and Airbus (EADSY), for an average price of $71.89 per share. The deal had a 1.83% impact on First Pacific’s portfolio.
The purchase was made during a period when Esterline Technologies’ stock price dropped 1.85%. The stock’s price went down nearly 7% in September and underperformed
The value-minded investor had more than 40% of his portfolio in cash in the end of the second quarter as markets continued their ascent.
“It remains challenging to find those investments that appropriately discount a reasonable worst case scenario,” Romick said in his second quarter letter. “Until such time as that changes, we continue to add depth and breadth to our library of prospective investments so as to be ready when opportunities arise.”
Relational Investors LLC is an activist investment fund based in San Diego, California. Founded in 1996, Relational invests in and strives to create long-term growth in publicly traded, underperforming companies that it believes are undervalued in the marketplace. Through intense and focused research, Relational develops an engagement plan to unlock value in its portfolio companies. The Firm seeks to engage the management, board of directors, and shareholders of a portfolio company in a productive dialogue designed to build a consensus for positive change to improve shareholder value.
The portfolio is composed of 11 stocks with total value of $2,372 Mil.
"We strive to conduct our business with the highest level of integrity and honesty, and we believe that investing our reputation is as important as investing our capital" Michael Dell (Trades, Portfolio)'s MSD Capital firm says in its "About Me".
The firm sees itself as a partial owner of a company when investing. MSD Capital looks for companies that will provide sustainable returns over the long term and the management team has to be honest, astute and think like shareholders.
Here's a look at Dell's top growth stocks in his portfolio and their
The founder and CEO of Dell Inc (DELL), guru Michael Dell (Trades, Portfolio) is one of the 50 wealthiest people in the world. As a philanthropist, he has been generous with his money through the Michael and Susan Dell Foundation he established in 1999; as an investor, his portfolio is handled by MSD Capital, which has had great success in managing his investments.
In the fourth quarter, Dell added Esterline Technologies (ESL), a Bellevue, Wash.-based company that designs, makes and markets products mostly for aerospace and defense customers, to his portfolio, buying the stock twice in December.
Dear Fellow Shareholders:
For the quarter ended March 31, 2014, Class C shares of the Olstein All Cap Value Fund had a return of 1.32% compared to total returns of 1.81% and 1.97% for the S&P 500® Index and the Russell 3000® Index, respectively. The first quarter also marked an important milestone – it was five years ago that equity markets began their strong recovery from the market low of March 9, 2009. For the five years ended March 31, 2014, the Class C share of All Cap Value Fund had an average annual return of 21.97%. Over the same
Meryl Witmer is a general partner at Eagle Capital in New York, and is one of GuruFocus’ newest gurus.Â Witmer focuses on companies trading at low prices, with strong prospects, above par management teams and an abundance of cash flow.Â The following four companies are a highlight of Witmer’s stock picks for the year ahead.
Wyndham Worldwide (WYN)
“The company is the largest global franchisor of hotels.Â It has 15 brands in 67 countries… Like most franchisor businesses, lodging requires little capital to grow organically.Â Incremental margins typically are in the 40% range.Â Capital
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